Never change a winning team: The effect of substitutions on success in football tournaments
AbstractWe identify a strong and significant negative effect of substitutions in (irrelevant) early games in worldcup and olympic football tournaments on performance in later rounds. We argue that this effect is due to the psychological consequences of such a decision and evaluate alternative possible explanations.
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Bibliographic InfoPaper provided by Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization in its series Research Memoranda with number 027.
Date of creation: 2009
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Economics (Jel: A);
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-07-03 (All new papers)
- NEP-CBE-2009-07-03 (Cognitive & Behavioural Economics)
- NEP-EXP-2009-07-03 (Experimental Economics)
- NEP-GTH-2009-07-03 (Game Theory)
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